Caisse to buy stake in Bombardier's rail unit for $1.5 bln

Thu Nov 19, 2015 6:17am EST
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Nov 19 (Reuters) - Canadian planemaker Bombardier Inc said Caisse de depot et placement du Quebec, which manages Quebec's public pension plans, would buy a 30 percent stake in its rail unit for $1.5 billion.

The transaction values the unit, Bombardier Transportation, at $5 billion, Bombardier said on Thursday.

Reuters had reported in October that Bombardier was in discussion with Caisse for a possible investment. (Reporting by Amrutha Gayathri in Bengaluru; Editing by Kirti Pandey)